2448 SE 117th Ave

Portland, OR 97216

$1,475,000
Price
—
Beds
—
Baths
5,899 Sq. Ft.
$250 / Sq. Ft.
5,899
Sq. Ft.
$250
per Sq. Ft.

Description

Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously...Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market. Owner is open to seller financing with agreeable down and terms.
  1. Listed by David Columbus • Living Room Realty

Property Details for 2448 Southeast 117th Avenue

Subdivision
MILL PARK
Parking Features
Off Street, Paved
Zoning
RM2
Parking Total
7.00
LISTING UPDATED: 01/12/2026 04:01 PM

Property Details for 2448 Southeast 117th Avenue

StatusActive
MLS #535479438
Days on Market121
Taxes$12,751 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2004
Lot Size0.27 AC / 11,761 SF
CountyMultnomah County

Location

Listing Courtesy of Living Room Realty
Add your commute

Building Information for 2448 Southeast 117th Avenue

Stories3Residences7Year Built2004Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

$8,251 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,189

Property Taxes

$1,063

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2448 Southeast 117th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: SE Division, go north on SE 117th.
  • Road Surface: Paved
School Information
  • Elementary School: Mill Park
  • High School: David Douglas
  • Middle Or Junior School: Floyd Light
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $12,750.89
  • Parcel Number: R145740
  • Tax Legal Description: D & O LITTLE HMS SUB 1, N 70' OF S 170' OF W 198' OF LOT 4, EXC P
Property
Lot Information
  • Acres: 0.27
  • Lot Description: Level
  • Lot Size Square Feet: 11761.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 2004
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
  • Gross Income Actual: $117,060.00
  • Gross Income Projected: $127,595.00
  • Gross Rent Multiplier: $12.60
  • Investor Information: According To Owner, Annual Property Operation Data
  • Net Income Actual: $83,296.00
  • Net Income Projected: 93829
  • Operating Expenses Projected: $33,766.00
  • Operating Expense: $33,766.00
  • Security Features: Sidewalk
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7
  • SqFt Approximate Building Total: 5899
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $2,650
  • Unit Type 1 SqFt: 1829.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Storage, Washer Dryer
  • Unit Type 2 Rent: $1,075
  • Unit Type 2 SqFt: 761.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Range, Refrigerator, Storage, Washer Dryer
  • Unit Type 3 Rent: $1,290
  • Unit Type 3 SqFt: 761.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Range, Refrigerator, Storage, Washer Dryer
  • Unit Type 4 Rent: $1,215
  • Unit Type 4 SqFt: 761
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Range, Refrigerator, Storage, Washer Dryer
  • Unit Type 5 Rent: $1,200
  • Unit Type 5 SqFt: 761.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Range, Refrigerator, Storage, Washer Dryer
  • Unit Type 6 Rent: $1,300
  • Unit Type 6 SqFt: 761.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Baths Decimal: 1.00
  • Unit Type 7 Beds Total: 1
  • Unit Type 7 Features: Range, Refrigerator, Storage, Washer Dryer
  • Unit Type 7 Rent: $1,025
  • Unit Type 7 SqFt: 761
  • Unit Type 7 Units Total: 1

Property History for 2448 Southeast 117th Avenue

DateEvent & SourcePriceAppreciation
Oct 14, 2009

Sold (Public Record)

Public Record #276776882

$500,000

+22.2% / yr

Aug 29, 2002

Sold (Public Record)

Public Record #98351141

$120,000—
Jun 24, 2002

Sold (Public Record)

Public Record #94657125

$120,000

-30.5% / yr

Dec 10, 2001

Sold (Public Record)

Public Record #81420199

$145,850—
DateEvent & SourcePrice
10/14/2009

Sold (Public Record)

Public Record #276776882

$500,000

+22.2% / yr

08/29/2002

Sold (Public Record)

Public Record #98351141

$120,000
06/24/2002

Sold (Public Record)

Public Record #94657125

$120,000

-30.5% / yr

12/10/2001

Sold (Public Record)

Public Record #81420199

$145,850

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2448 Southeast 117th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$13,312 ($1,109 / month)
Home Facts
Beds2Baths7Total Finished SqFt4,566 SqFtAbove Grade Finished SqFt4,566 SqFtStories1Lot Size11,690 SqFtStyleSingle Family ResidenceYear Built1938ZoningR1ACountyMULTNOMAHAPN1S2E03DD 09500

Schools near 2448 Southeast 117th Avenue

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Mill Park Elementary School
Public - PK to 5
Floyd Light Middle School
Public - 6 to 8
David Douglas High School
Public - 9 to 12
Arthur Academy
Charter - K to 5
Rating
School
Distance
Mill Park Elementary School
PublicPK to 5

Floyd Light Middle School
Public6 to 8

David Douglas High School
Public9 to 12

Arthur Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 2448 Southeast 117th Avenue, Portland, OR 97216

2448 Southeast 117th Avenue is a multi-family home for sale in Portland, OR 97216. This property was listed for sale on October 2, 2025 by Living Room Realty, it's currently listed at $1,475,000. It has been on the market for a total of 121 days and was last sold on October 14, 2009. This listing's school district is David Douglas School District 40. Nearby schools include Mill Park Elementary School, Floyd Light Middle School and David Douglas High School. 2448 Southeast 117th Avenue is a 0-bed, 0-bath, 5,899 sqft multi-family home built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Living Room Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 01/12/2026 04:01 PM